FHI Federated Hermes
Federated Hermes, Inc. engages in the provision of investment management products and related financial services. It sponsors, markets and provides investment-related services to sponsored investment companies, Federated Funds, and Separate Accounts which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. The company was founded by John F. Donahue and Richard B. Fisher in October 1955 and is headquartered in Pittsburgh, PA.
Company profile
Ticker
FHI
Exchange
Website
CEO
J. Christopher Donahue
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
FEDERATED INVESTORS INC /PA/
SEC CIK
Corporate docs
IRS number
251111467
SEC advisor number
801-78591
FINRA CRD number
169087
AUM ?
$19.96B
(as of 25 Jun 20)
Accounts
10
(as of 25 Jun 20)
Employees
16
(10 investment advisory or research)
Address
Federated Hermes
1001 LIBERTY AVENUE
PITTSBURGH
PA 15222
1001 LIBERTY AVENUE
PITTSBURGH
PA 15222
Phone
4122881900
FHI stock data
()
News
Press releases
Federated Hermes, Inc. announces first quarter 2021 earnings and conference call dates
8 Apr 21
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
15 Mar 21
Federated Hermes, Inc.'s CEO to participate in RBC Capital Markets Global Financials Conference
2 Mar 21
Federated Hermes, Inc. files annual report on Form 10-K with U.S. Securities and Exchange Commission
26 Feb 21
Month-end portfolio data now available for Federated Hermes Premier Municipal Income Fund
16 Feb 21
Investment data
| Top 50 of 2220 long holdings End of quarter 31 Dec 20 |
Value |
#Shares |
|---|---|---|
| $1.07B | 9.78M | |
| $682.98M | 2.93M | |
| $592.55M | 4.28M | |
| $582.15M | 7.03M | |
| $575.61M | 176.73K | |
| $575.29M | 2.59M | |
| $555.81M | 5.19M | |
| $555.55M | 9.46M | |
| $521.35M | 18.13M | |
| $494.27M | 3.72M | |
| $461.39M | 5.46M | |
| $451.81M | 12.27M | |
| $436.96M | 4.77M | |
| $398.99M | 6.5M | |
| $384.14M | 1.41M | |
| $380.34M | 4.65M | |
| $358.07M | 8.69M | |
| $351.76M | 639.06K | |
| $350.65M | 6.02M | |
| $348.97M | 199.11K | |
| $343.25M | 7.67M | |
| $335.31M | 296.23K | |
| $333.98M | 2.25M | |
| $313.83M | 2.11M | |
| $299.42M | 2.36M | |
| $296.45M | 3.94M | |
| $274.36M | 3.94M | |
| $269.63M | 1.86M | |
| $269.44M | 1.99M | |
| $268.11M | 1.23M | |
| $265.16M | 7.72M | |
| $256.18M | 277.17K | |
| $255M | 2.03M | |
| $252.8M | 1.54M | |
| $243.31M | 4.14M | |
| $241.2M | 8.55M | |
| $226.44M | 3.98M | |
| $222.82M | 4.16M | |
| $222.47M | 2.53M | |
| $222.03M | 3.58M | |
| $215.39M | 936.82K | |
| $214.53M | 580.24K | |
| $213.44M | 2.44M | |
| $213.13M | 957.77K | |
| $208.68M | 283.95K | |
| $206.74M | 12.6M | |
| $200.02M | 1.83M | |
| $197.9M | 568.63K | |
| $196.95M | 3.59M | |
| $196.23M | 1.46M |
Holdings list only includes long positions.
Only includes long positions.
Calendar
26 Feb 21
17 Apr 21
31 Dec 21
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Financial data from company earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 308.64M | 308.64M | 308.64M | 308.64M | 308.64M | 308.64M |
| Cash burn (monthly) | 6.87M | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 24.44M | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 284.19M | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 41.4 | n/a | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 Mar 21 | Ceresino Gordon J | Class B Common Stock | Gift | Aquire G | Yes | No | 0 | 13,584 | 0 | 49,959 |
| 22 Mar 21 | Ceresino Gordon J | Class B Common Stock | Gift | Dispose G | No | No | 0 | 13,584 | 0 | 187,031 |
| 12 Mar 21 | Dolores D Dudiak | Class B Common Stock | Grant | Aquire A | No | No | 0 | 5,000 | 0 | 67,997 |
| 11 Mar 21 | Donahue Thomas R | Class B Common Stock | Gift | Dispose G | No | No | 0 | 15,200 | 0 | 741,457 |
| 11 Mar 21 | Ceresino Gordon J | Class B Common Stock | Sell | Dispose S | Yes | No | 30.9851 | 43,000 | 1.33M | 36,375 |
| 8 Mar 21 | Ceresino Gordon J | Class B Common Stock | Sell | Dispose S | No | No | 30.1182 | 8,782 | 264.5K | 200,615 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
79.3% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 291 |
| Opened positions | 47 |
| Closed positions | 30 |
| Increased positions | 78 |
| Reduced positions | 122 |
13F shares |
Current |
|---|---|
| Total value | 2.28B |
| Total shares | 78.47M |
| Total puts | 38.5K |
| Total calls | 128.5K |
| Total put/call ratio | 0.3 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 12.41M | $358.65M |
| Vanguard | 8.97M | $259.28M |
| Schneider Downs Wealth Management Advisors | 5.12M | $148M |
| GWL Great West Life Assurance | 3.42M | $98.74M |
| STT State Street | 3.01M | $86.88M |
| Dimensional Fund Advisors | 2.71M | $78.22M |
| BK Bank Of New York Mellon | 2.25M | $64.9M |
| Fuller & Thaler Asset Management | 2.13M | $61.65M |
| Burgundy Asset Management | 2.1M | $60.69M |
| PRU Prudential Financial | 1.96M | $56.6M |
Financial report summary
?Management Discussion
- For an explanation of changes for 2019 as compared to 2018, see Federated Hermes' Annual Report on Form 10-K for the year ended December 31, 2019, Item 7 Management's Discussion and Analysis of Financial Condition and Results of Operations under the caption Results of Operations.
- Revenue. Revenue increased $121.4 million in 2020 as compared to 2019 primarily due to (1) an increase in money market revenue of $41.5 million primarily due to higher average money market assets (includes a decrease in revenue related to $113.0 million in Voluntary Yield-related Fee Waivers) (see Business Developments - Low Short-Term Interest Rates for additional information, including the impact to expense and the net pre-tax impact), (2) an increase in alternative/private market revenue of $33.0 million primarily due to the revenue of a previously nonconsolidated entity being recorded in operating revenue beginning in March 2020, (3) an increase in equity revenue of $18.6 million due to a change in the mix of average assets, (4) an increase in fixed-income revenue of $16.8 million due to higher average assets and (5) an increase in performance fees of $15.6 million.
- Federated Hermes' ratio of revenue to average managed assets for 2020 was 0.23% as compared to 0.26% for 2019. The decrease in the rate was primarily due to the reduction of revenue from Voluntary Yield-related Fee Waivers and the result of a lower proportion of revenue earned on average equity assets during 2020 as compared to 2019.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. junior Bad
|
|
New words:
acute, Addendum, advantage, advocated, affording, Africa, aggressive, AIF, AIFMD, air, Alert, AMAC, ancestry, anchored, anonymously, apparent, array, ARRC, arrival, ban, bandwidth, bind, Bliley, BMR, Booklet, boost, Brazil, brought, budget, buffer, Bylaw, calibrate, calibration, candidate, car, career, CDC, chance, CHF, choose, Circuit, cited, classroom, clawback, climbing, closer, closet, color, comfort, commensurate, Commissioner, Communist, conference, conferencing, Congressional, Consequential, contact, contamination, content, Contrary, CPFF, creative, credential, crime, cycle, deadline, deadly, Dear, decontamination, dematerialization, dental, deployed, deployment, depriving, diagnosed, dignity, disapproving, discharge, disease, disinfection, disseminated, dissipate, distanced, distancing, divergence, divestment, dominated, Dow, downturn, drawn, drifting, Dudiak, EBA, embodied, enjoy, Episode, escrow, ESRB, essential, EST, EUR, exam, exfiltration, expressly, fact, fallout, fastest, Fed, flocked, forefront, formula, foster, foundation, freeze, freezing, fresh, GBP, gender, genetic, Gibraltar, Governor, Guernsey, harvesting, HCL, healthcare, healthy, heavily, HFML, HGPE, highlighted, hire, hired, HM, Holistic, home, hotel, hybrid, IBA, IBOR, ICE, ICI, idea, IFD, IFPR, IFR, incentivize, incorrectly, inferior, insider, Intercontinental, interplay, intervention, inverse, Janet, jeopardize, Jersey, job, Journal, JPY, judgement, Justice, justification, lay, leadership, left, legislature, lessen, lessened, logo, mandating, mandatory, marital, mechanism, medical, membership, memorializing, mental, mentoring, MEPC, mid, mirrored, misrepresentation, mission, MMLF, mobile, mobility, Murphy, Nasdaq, necessitated, NFRD, official, OFR, onboarding, onshoring, outage, outflow, overly, Overview, panel, passage, Paycheck, peaking, pecuniary, Peirce, PF, Phil, philosophy, phone, pledge, pooled, portal, posture, pregnancy, prioritized, prioritizing, probity, proceed, progressed, prominent, properly, prosecution, protocol, proven, prudent, prudently, PWG, quarantining, race, ratable, reexamination, reinstatement, reinstitution, religion, remeasurement, remeasuring, remote, remotely, reportedly, rescission, resilience, resiliency, resilient, resource, resourcing, respiratory, resumed, revealed, reverting, revisiting, revive, rollover, roundtable, rulemaking, sanitizer, science, Secondary, sex, sexual, SFDR, shaking, shape, sharp, shipping, shortly, sick, SIFMA, slide, slowly, SMCCF, SMSG, soap, solution, South, spike, spurring, Stakeholder, stance, stay, staying, sticking, stimulate, stinted, strain, stricter, student, substance, summarizing, summer, surface, synergize, Talent, talented, TALF, TCA, TCFD, teleconference, telephone, telework, testimony, theory, therefrom, tie, title, trademark, trader, transmittal, trillion, turmoil, unforeseen, unfunded, unprecedented, unrest, upgrade, uptick, usage, USD, variant, veteran, video, visa, voluntarily, volunteer, vulnerable, washing, wearing, web, weekly, white, widespread, withholding, workflow, workplace, world, worldwide, Yellen
Removed:
accountability, added, ahead, beneficially, capability, capture, clean, close, contingency, coupon, decreasing, distinction, employed, encourage, exceed, exited, EY, flat, format, guise, hard, illiquid, interpretation, load, maturity, Minister, moved, Northern, possession, recover, revaluing, revising, scheduled, send, Simplifying, unamortized, underway, variation, vendor, vote, voted, waived, wrap
Financial reports
10-K
2020 FY
Annual report
26 Feb 21
10-Q
2020 Q3
Quarterly report
30 Oct 20
10-Q
2020 Q2
Quarterly report
4 Aug 20
10-Q
2020 Q1
Quarterly report
6 May 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
22 Feb 19
10-Q
2018 Q3
Quarterly report
30 Oct 18
Current reports
8-K
Federated Hermes, Inc. reports fourth quarter and full-year 2020 earnings
28 Jan 21
8-K
Results of Operations and Financial Condition
29 Oct 20
8-K
Federated Hermes, Inc. Reports Second Quarter 2020 Earnings
30 Jul 20
8-K
Federated Hermes, Inc. Reports First Quarter 2020 Earnings
30 Apr 20
8-K
Federated Hermes, Inc.’s Board of Directors Approves Teleconference Annual Meeting
2 Apr 20
8-K
Other Events
17 Mar 20
8-K
Amendments to Articles of Incorporation or Bylaws
3 Feb 20
8-K
Federated Investors, Inc. Reports Fourth Quarter and Full-Year 2019 Earnings
30 Jan 20
8-K
Federated Investors, Inc. Reports Third Quarter 2019 Earnings
24 Oct 19
8-K
Federated Investors, Inc. Reports Second Quarter 2019 Earnings; Managed Assets Reach Record $502.2 billion
25 Jul 19
Registration and prospectus
S-8
Registration of securities for employees
30 Apr 18
S-8
Registration of securities for employees
1 May 11
S-8
Registration of securities for employees
26 Jul 06
S-8 POS
Registration of securities for employees (post-effective amendment)
16 May 01
S-8 POS
Registration of securities for employees (post-effective amendment)
16 May 01
425
Business combination disclosure
25 Jun 00
425
Business combination disclosure
25 Jun 00
425
Business combination disclosure
25 Jun 00
425
Business combination disclosure
25 Jun 00
425
Business combination disclosure
25 Jun 00
Proxies
DEF 14C
Information statement
18 Mar 21
DEF 14C
Information statement
19 Mar 20
DEF 14C
Information statement
14 Mar 19
DEF 14C
Information statement
14 Mar 18
DEF 14C
Information statement
14 Mar 17
DEF 14C
Information statement
15 Mar 16
DEF 14C
Information statement
10 Mar 15
DEF 14C
Information statement
9 Mar 14
DEF 14C
Information statement
12 Mar 13
DEF 14C
Information statement
11 Mar 12
Other
UPLOAD
Letter from SEC
10 Feb 13
CORRESP
Correspondence with SEC
17 Jan 13
CORRESP
Correspondence with SEC
13 Jan 13
UPLOAD
Letter from SEC
30 Dec 12
UPLOAD
Letter from SEC
4 Dec 11
CORRESP
Correspondence with SEC
27 Nov 11
CORRESP
Correspondence with SEC
13 Nov 11
UPLOAD
Letter from SEC
6 Nov 11
UPLOAD
Letter from SEC
10 May 10
CORRESP
Correspondence with SEC
4 May 10
Ownership
SC 13G/A
Frequency Therapeutics / FEDERATED HERMES ownership change
9 Apr 21
SC 13G/A
Cerevel Therapeutics / FEDERATED HERMES ownership change
9 Apr 21
SC 13G/A
aTYR PHARMA / FEDERATED HERMES ownership change
9 Apr 21
SC 13G
StepStone / FEDERATED HERMES ownership change
9 Apr 21
4
FEDERATED HERMES / Gordon J Ceresino ownership change
22 Mar 21
4
FEDERATED HERMES / Dolores D Dudiak ownership change
12 Mar 21
4
FEDERATED HERMES / Gordon J Ceresino ownership change
11 Mar 21
4
FEDERATED HERMES / THOMAS R DONAHUE ownership change
11 Mar 21
SC 13G/A
Frequency Therapeutics / FEDERATED HERMES ownership change
10 Mar 21
SC 13G/A
SCYNEXIS / FEDERATED HERMES ownership change
10 Mar 21
Reddit threads
[Weekly Megathread] Markets and Value Stock Ideas, Week of April 12, 2021
12 Apr 21
List of stocks ranking highest in momentum, quality and value
1 Mar 21
Daily Discussion Thread - February 4th, 2021
4 Feb 21
Daily Discussion Thread - January 25th, 2021
25 Jan 21
What content would you like to see?
12 Jan 21
[Weekly Megathread] Markets and Value Stock Ideas, Week of December 14, 2020
14 Dec 20
Daily Discussion Thread - November 5th, 2020
5 Nov 20
Daily Discussion Thread - November 4th, 2020
4 Nov 20
Daily Discussion Thread - October 29th, 2020
29 Oct 20
Daily Discussion Thread - October 28th, 2020
28 Oct 20